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Zetar - Trading in line with expectations

September 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • ZTR
  • Price:
  • 295p
Zetar’s results for the period from incorporation on 8 December 2004 to 30 April 2005 are of little relevance, given that its first acquisition of chocolate confectionery firm Kinnerton only completed two weeks before the period end. Nevertheless, Zetar has published Kinnerton’s trading figures for the year ending 30 April, which are in line with expectations and reflect a strong underlying performance. Sales increased 19% to £50.1m, with pro-forma operating profit before non-recurring items being £4.5m. This performance has triggered the first tranche of the deferred consideration for Kinnerton of £2.45m which will be paid prior to the end of December. At the year-end, Zetar had cash balances of £5.7m ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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